2011 Annual Report - TOM Group

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
25 Trade and other receivables (Continued)
(c) (Continued)
Group
2011 2010
HK$’000 HK$’000
Represented by:
Receivables from related companies 13,033 4,231
Receivables from third parties 539,950 534,133
552,983 538,364
Total trade receivables from related companies beneficially owned by substantial shareholders
of the Company, Hutchison Whampoa Limited (“HWL”) and Cheung Kong (Holdings)
Limited (“CKH”), amounted to HK$12,812,000 (2010: HK$4,020,000). Trade receivables
from non-controlling interests of subsidiaries of the Group amounted to HK$221,000 (2010:
HK$211,000). These are related to sales of goods and services as shown in note 41(a).
The Group has assessed if there is any impairment on an individual customer basis based on
ageing analysis of trade receivables balance, historical bad debt rates, repayment patterns,
customer credit worthiness and industry trend analysis. As at 31 December 2011, the
amount of the provision for impairment of trade receivables was HK$93,506,000 (2010:
HK$95,909,000).
As at 31 December 2011, trade receivables of HK$144,863,000 (2010: HK$148,726,000)
were past due but not impaired. These related to a number of independent customers for
whom there is no recent history of default. The ageing analysis of these trade receivables is
as follows:
Group
2011 2010
HK$’000 HK$’000
Overdue by:
Up to 3 months 93,929 80,450
Over 3 months 50,934 68,276
144,863 148,726
Annual Report 2011
101